Evening Star Newspaper, March 3, 1926, Page 26

FINANCIAL. THE EVENING STAR, WASHINGTON. D. €, WEDNESDAY, MARCH 3, 1926. FINANCIAL, - = ! STOCKS COLLAPSE ' [NEW YORK STOCK EXCHANGE | S f & & & [ovvew o BONDS oo sxemwner] SELLING IS HEAVY 1A, T. & T. REPORTS # ! : e e 1h Received by Private Wire Direct to The Star Office . Open. High. Low. AT Open, High! Low. 2:55. | b1orce Peteol 1% 1% 1% 1% UNIT S, f Sales. High. Low. 2:35. { r | Avttrbs Pow ¢4y, 75 75 Fisher Body (5). 92% 92 92% 92% | biercePetrol.... 8- 8 b 2 | D Skelly O11 6%s. ... 40 118 112 112% | > .| So Por Rico Sug 7s 4 107% 1073 107% i | Abrahm&Straus. First Ni 36% - 5 . o ales. High, Low — t A:l :!l!é:nl;:l;?' 13 132 lsg% lsg% [ ':.k u.':'s.;o'ra" :;g’v‘ .1"6; lagu ?gk P:::Bvs!tll)fp:ll;) e ?g ?g 5 ?g 15”" Lib3%s 3s19 e;;“ é‘hvlol 3 3 | South Bell Tel 6s.. 102% 102% 102% v % ik D! .20 5 2 H 4 3 ance Rumley 14% 14% 14 14 k pf stpd (7), 82 82% 82 82% | Pitts & West Va. 103 103 9T% 9% Lib 1st 4% 171 1022 102 | Southwest Bell bs. 101% 101% s . . £ Ad Rumley pf(3) b54% b54% 54% Bi% sk 1st pfev(7).100 100 100 100 ! Lib2d 4%s 202 10026 100 21 | Bug Est Ortent 75. 98% 99 | .. Railroads Lead in Heaviest Anumaaatt1y.. 7w 1% % 74| Fleischmn(new) 48% 48% 45 - d5% | bosta™ (440)... 884 90 8TW BTW| yip3a4is 241 1013 1011 | Tenn Eiec Pow 6s.. 17 105 105 | Nickel Plate Decision Is Back | Net Equals $107,405,046 in il f Day in Last ':;:fa"‘;f;"('fi) 1104 112% 110 110 :'.li:mmmm:;. 1124 113% 106% 108 |er StCarpf (1y. 85 8 95 85 | S-b4th4ie 350 10211 1028 | Toledo Edn 1st 7s. St 108% x s < i ubber.... 11 11 10% b¢ | Fox m .. % 63% 61% % US4es 1944 14 1047 1044 | United Drug 6s.... 2 4 10! 1 i . H Selling of Day in Las n Prod & Reflners. 13 13% 12% 12% . # 2 5 92 of Most of Action in 1925; Gain of $16,000,000 [ Alltled Chem (4} 139 121 115 115% |Freeport-Texas. 19% 21% 19% 21% 5 S4%s's2 16 10726 10722 | U'S Rub 18t rf 5: Producers&R pf. 33 Frigher s | U S Rubber 7%s. 107 [ Allted | Hour Market Break. ed Cmpt(1). 121 121 GabrielAtIN). 3T 98 31 3Tk | PubSerNIG).. ® 5 FOREIGN. U'S Steel s £ 63, 3 105 Today’s Market. Over 1924 Increase. {AllisChalm (6). 84% 84% 83 3 Gardner M. A 5 8 otor. . 75 | Public Serv rts. % % Sales. High. Low | 6 - " P, WEST. mBank N1.60. 36 e 5y, 908 . 4840 | Argen 6s Oct'69... 20 97% 98- | warner Sug7s°39.. 3 2% 821s 82 r G EiTma S i halah Am Bectsuz (47 85 8 32| Gen Craar 8y 0. 107 107 101" 101" | PareON oo, B 0% 25 |Arsentingse® il i on foi | eCEWSENE L. 1 e b e N g ‘ pfa d poie grélk'-sh ® 4 120 | Gen Electric (8). 821 334% 807 808 [p.qi0 oo oo i o 5 A:gfi::::: ::B % 101% w,.,H},::g‘ Dol % :(‘)f’v: Special Dispateh to The Star | 'The American Telephone and Te': SEW YORK, Mareh stock | Am B Shoe pt (73 11 |GenZlspec(6Ve) 11% 11% 11% 11% | ragio ok caaey. . 824 82w | e s . A% e e i 2 109 107 NEW YORK, March 3.—A flood of | graph Co., America’s premier utilit & right at the opening | AT BF Boverl.... 391 3 38 GenGasA (13%). 484 ;. ABl | abis [ SATDOWE (BA). 154 Anntalian z 9 | Willy=Ov 615 '33. 102 2| selling in speculative, semi-speculative . a’s premler utili b o) ke it va an (18).... 814 2 298 | Gen Motors (7).. 120 12 17% 118% | BVY St1Spr (4). 55 ria 78 . 1 Wilson & Co 1st 63. 0% 100 0% ! and second grade bonds hit the mar. o he shock whic % | Am Can w.4 52 52 49% | Gen Mot pf (1).. 114% 1144 114 11414 | R4Y Cons Cop... 11 |Bank qf Chile 6%s. Wilson & Co cv 6s. . 53 Kot divootly e epeming today and | Juring 1925, a gain of more th eive from the refusal Am Canpf (7).. 124% 125 125 | Gen Qutdr Adv.. 30 2915 Reading (4). &0 |Bank of Japan 6s. s Winchester A 7%s. liquidation continued more or Jess | $16,000,000 over the $91.046,321 repo: Nickel Plate merger. Am Car&Fay (6) 99 99 9 97 |GenOutdrA (4). 53% 53% /b3 .| At BERsc. sy 1 18 | Belgium 6s. % 86| Youngstn S& T 6s. % Y throughout the session. ed for the previous 12 months, ar o 1t was o Victary or | 8ot R D s I PK L |Gen Petrm 3).." 50 511z 50 Hesting faia). 5 Lo 4 40% | Beleium 84, % 93 RAILNOAD: It was most urgent in the railway report of the company foda 9 e laoyity | CHRIIAY). R BA | GenRySig(t4%). 69 67 ) g 40% Relk',“m"' 2 AR e issues affected by the adverse Nickel sl SRR b e Bl LY 40% 41 | Gen Refrac (2).. 46 5 *46 temington Type 100 971 | Belgtum 7%, ¥ i o t0 5 Plate decision, but it also showed in | ¢1g0 sog o1n o5 Of the company we: <harehoiders, who had med that | Am Drug % X 4| Gimbel Bros.... - 64% Remingtn 1st(7) 108 108 108 |Belzium 8 . k00| A cnisomgen dos.. 10 e 0% {1 1io - oblgwtions of ‘other roads Which | jos to" compared with $154,08 hey were not wmetting fair terms. | Am Express (8). 3 22 |Gliaden (2)..... o114 Remingtn 2d(8). 106% 106% 106 | Berne 8s i LTI Atlantto Ciriol fa. 10 9 had been the object of merger | the yes This include ¢hesapeake and Ohio stock shot up | Am & For Pow. . Gold Dust.... ... o Replogle Steel 10 10 10% 100 |AtlanticCListes, 2 The Tite taies i ik ShiGe - | telephone ope revenues th sreat violence. It had closed on Am & F P ne (7). & 9 | Goodrich 1t (43. 63 ¢ | Rep Ir & Steel... 51 50% 50% 2 84% | Atlan C L 4%s'64. 10 v The Eirle lasues were the ol own 5 | 304623, dividends exceeding § Toesday at 113%. The day was not | Am Hide & Lea. . " | Goodyear pf (7). 101% ! Revnolds Sprngs 6% 6 6% | Brazil Ts y ¢ 14| Atlantie CLTs.... 1 0 5% T, Erle general ds opened 0o ray | 000 on stock owned, and interest ¢ 1 before it had jumped 9 Am Hide & L pf. 5 Gotham S H 215 16% 3 4 |Roy TobacB(s). 94 . 84 . 9oy HEsxIS . . o Db L Touided By 1he convertitie A, 3 and | oo ¥15,000800 on uotew and a rero was no market for |Am Iee (+10).... 5 4 |Gotham pt (7)... 100% 100% RobtRelsg Co.. 12 12 12 Canada 53 1931. 1013 [ AH & DR ia £u 4§ . ' Tl e e 5y foe on Bonds owted, tempora: 1 Nickel Plate stock | Am Ice pfa (6). . 227, | Gould Cou (2) 1815 184 (R | omim MR (KD .. BTH L Canada 5s 1952 (e O i e 4 Others of the recent speculative investments and bank deposi Marquette broke 11% points. | Am Internatl ... 3 Sranbv Consol. | 194 19% 19 RO Da(N ) SR B0 BUL | Canada 5% 1929.. 6 s ot ailway bond favorites which were et AR LT G amon on the first transaction | Am La Fran (1y Grt North pf (5) 70 69% tutland pf...... 45 456 45 45 |Chile7s1943. 3 4 ¢|B & Oref 6. 95 AL inaaiied Missourkantas. | F dividend th te of $9 and first pre- | Am LaFra pf(7). GtNorOre(1%). 25% 25% 25 25 |SafetyCable (4) 46% 46% Chile 85 1926. 2 Rt T 3 | T adjustments, Seaboard Air out of which 500,000 w points. These were | Am Linseed..... i 312 A | Gt Wstn Su (8) 99 99 |StJoseph L(13). 4 3| Chile 851941, ] AFI0R T L O - o e 5 T 68, New Yotk Weat Chester and | sruror cosed for contigencies ar hich were suffering from |Am Linsd pe(7y. 7 {Guanta 4 3 SIL & SanFr (7). : | Christiania L iy : Beaton 4348, Chicago G e tern | §20.360.620 was carried to surplu decision, because of |Am Loco (8). ... 102% | Guif Mo & Nor. . .l 27 St L Southwest. . 214 | Con Pow Japan7s. 8 9 4 5 O Sw Div bs efs. 67 9 o 9 P i A o 3 Alton | . Capital stoek of the com v ot | Am Metals (4y . 5 5 GuM& N pt (6) 991 9916 4 St L Swa pf (5). Copenhagen 53s. . g B & O Toledads. .. 6 ¢ el 2% | sty _the close of the yex {Am Dadiator (4) g 9 | Guif States S (3) 7 avage Arms(4) . 7 CUBR IS, . oo s onne 4 Eron ek i e Sotitions bl e e in increase of General List Unsettled. e IO : Hartman %) 2015 28% Bl & L AR o il : rod [l ¥ O A retlion metger actounts. T0a wte|ihan 32806 sunbiinn. e = 1 list was unsettled while | Am 8m & Ref (7 125 12 2l o g eaboard ALrts % % ¥ i | Czecho 8s 1952 ct.. 36 : . 2 16w | Y O R e Lasys. Phst Woke weri bire AmS&Rof (1), 1145 114% bl Hae o A T4} ibd Alr L pf. . P e 4 peake and s . Rut there was not the liquida- ! Am Snuff (12) .. 144 141 14 113% | Homastake (+8) i ecagrave (1.20). 3 ;1 Denmark €5 3 9 Car Clinch & O 68 : 4 ’ rtible 58, which at 133 u-»x..”uM‘ I'he Bell system expended $365,00( expected on i calls and ! Am St Fdys (3). 40% 42% ' | Househd((t314). 4 4 . J rs Roebk(6). 9 ! DRI6%e Moh 52, { Centot G& 6. g 3 ¢ ¢ .arly 10 points on the day. The|000 on new plant construction, wi o Dulled | hos Bagur ibo . S 1 g [ aoan n‘u' %). 41! ‘ eneca Copper. .. 6 5 6% | DT Bis e Nov - b < 3 scramble to buy this hond was, of | brought assets devoted to furnis which on Tuesday had | Am Sumatra . " c e T T ¢ attuck 1 G (2) 5 Dutch Fast I 63°47. 16 .» Dt 89% | CGurse, due to lts conversion privilege | telephone service up to 5,000,000 o 120, rallied easily. So | Am Tel&Tel (53 1425 e 3 Lell Un (1.40). . b ¢ | DH(cH E LT 6n/0T i s | 4 S 88% |into Chesapeake and Ohio stock Gross revenues of the system, whic T ve and most of | Am Tobaceo (8) Hud Mah ,',‘r (',.';‘ 2 hell Un pf (6).. 3 8 | RIANE TR . e e ¢ e p Brooklyn Transit 6s were includes American Telephone and Te! \utomobile shar The sellin: { Am Tobac B (8). | Sidon Mot (33 111 d | Shubert Tneatrs 5 Etamerioan Tk p a 91k | CHes B O SusE ... point at one time although the . raph, the parent company; 25 asso United States Rubber appeared o [ Am Typ Fdrs(8y 113 116 Hupp Mot (1) . 244 2 : 91 | Stmmons(12.25). 15 4 TEORAN T8 ' 1u s - 89 Chi & Alton 2s o7 g3 | uary report published tod: owed ted telephone companies and the that stoci came back |Am Wa Wa f1.20 5134 52 e il s 2 | Simms Pet (1).. p ol 5 otie. 9 lonim Altomsiie. 1e .. 0 substantial gain in net income ‘e | Western Eleetric Co., was $761,200 jean Smelting driv- | Am Wooien p : | hinots Cen (7). 113% 114% 113 | Sinclair of1. ... H i ) : s was nothing new in the for 000, President W. S. Gifford reported points wt et | Am Wool ot (7) ! ! Indep Oil (1)... N 2 inclair pf (8) g 9 German EI1 D 61 7 e n 4s5°68. 3 look to account for the de in | Net earnings were 64 per cent o vas evidentl, ree v | Am Writ Pap pe E | Indian Refining. 104 i kelly Ol (2) X b Pl il 2 1 ¢ O H 0% : foreign bonds. Appa had | the amount invested in plant and oth it hounded b 1 {am Zine Indiin Refzetfs 10 ) 10 st Sheff (6) ; el LA ou 96 etk ; been a good deal of speculative buy- e . arnings available for cor | Am Zine pf Inzersoll R (3) 90 9 t4 | South Port S 6) Gat Gen M6 78. . .. 97% 9 ‘{Cni& B Tenss 7 w | ing in the past few weeks, but which nd surplus amounted Bcons s & : AWAGnR 3 Inland St (23%).. 374 | South Pac (6).. .. 9 97 | Greek 78 e et it iah S5 14% ] hitd now come to an end temporaril t on the investment lirections. A block of 13,000 shares | Ann Arbor Inspiration (2).. 23% 28 | Southern Ry (7). : eesves pedh S Quotations, for the strictly high cent a day a telephon: e a ssainat 41l R AN Interurb Rap Tr. 36 5 | South Ry pf (5. &8 o 8O% “oui RN 4 i e gride investment securities Were | “a necessary, but relatively smal the previc . and a high | Archer-Dantels tal Rubber 17% SNaTeTe shaded in sympathy with the rest of +ty,” the report said of ear «. Tobaceo Prod-| ArmourDel pf(7) T arket. New York Central 5s The 1 { improvements ar s e AL . | Armpur-aIA-(*) : Bl (3). 5 Zapsoese s 3 . o 7 hern Pacific Refundin | economies ar Mr. Giffor e ererh GIVidend Bntrohe I Rpmoarmv iRy, 13%. 3 IntBus Mac (8). 43% 4f 3 e (). 56 b6y Jnpandss 07 : .. s . o le _ L were examples. New York, Chicag d, “in the cost of telephone servi av % ! Armbur T pf(7) 2| intCement (4).. 6 6 3 na Mill (5)... Jergens U M 6s°47. %l Vet iha it ¢ 481: 48| nd St. Louis ales, a thoroughly | to the Telephone rates are 2 Artloom pe (7). 108% 108" Int Com Enz (2) nd Mill pf(6) Lyons 65 Pr 4%s ot 1 -t sound Nickel Plate bond, lost | on the s nly 33 per cent higl in Anaconda Coppe | Art Metal (1. . 2 Internat Har ( .. bh% 4% by, | Marsetlle i : % ESen L o0 '« 8| point and a half and W 25 | er than 10 ago, while wages a: sharp recoil. Public utlity | Ass0 Dry G(214) o 461 A5k Tnter Har pf ( StONNJ (1). ¢ Mexico 4504 asn i sold below par. The material costs have increased muc jich had heen so weak Tue Ass0 Oll (2) ntMateh p 55 [StOINJpf (7). Mexico ¢5°10 asntd ¢ Shivdey bis United States Governme ions | more and living costs have inct ocks like . an Water Works | atchison (7). ... S P ¢ " S |Std Plate Glass. Mexieo 5s assented. e E 108 were insignificant. 75 per cent.” = g id North American—were on the | Atehison p (5). Int Mer Mar pf.. terling Pro (4). Mpncoutiec s N i . rend. AU mGE e, nt Nickel (2) 37% 26 36 | Stewart War (6). 17 o 731 | Netherlands 65 '54. 12 ; s o 000 New Phones. Ehe oils were u TN ot il o e Inter Nick pf(6). 10 102% Rirombeng (6) ¢ | Netherlands 65 '72. e N 0% WHEAT IS HIGHER More than $13,000 telephones w. showlng any we oral Pe-| AtIGAIEEW L. . 41 |IntPaper....... 48 50% 48 Studehaker (16). 5 5oy | Nord 6% o . M I e s iy g | added to the Bell system during troleum and Marlind were er. | At GuItEWT pt. 43 43 |Int Shoe (8)..... 164 164 164 tudebak pt (7). 115 117 Norway G1s... . ; Rl creas. c {and at the ¢ ; Shell U and Associated Oil were | Atlantio Refine.. 98% a4 o7i|IntTel&Tel (&) 113 115 112 112 |SunOil (1)..... 3 % 4 |Norway 81943 Sy LB IN'CHICAGO TODAY | (cicrhiones were interconnected. hol¢ - o, and Standard 0| 3 tas Tae e e | Superior O11. p h |Norwey dRiae g Pl | system handles 50,000,000 toll and e of New Jersey was only fractionally | s S . ) 5 Sweets ofA h v 631952 bl e Fa L | Towe Avstn NI pe(r). 8% B 88% 88| Tomes P [Symington...... & e D e i 3 197w 1170 | " rations ‘o e e S E R O 1 1% | Jordon Mot 3) bbb s : Paris.Ly's-Med7s, 32 6% 14| C e s s3 |Upturns in Liverpool Prove Help | peake Telephone Co. 1 kel Pl: e : ) i e ot bt 1o% : s o : : i aoh January, filed yesterday with the Pu damper over the .. 1041 10 n City South.. 84% 4 % | Paris Orleans 7s... e | : I as o ; i« Uinvolved® in | Balto & Ohlo(5). 86 nCSopf(4). 6 G150 61% TexasCo (3).... f “ 507 | Peru 7148, g g lcccgstn Wl 9% to Market Here—Corn and « ities Commission, showed a ne v 1Bal& O pf (4). 68 63 6 Rt .b Tex Gulf Su(10). | Peru 8. 6 3 244 | CC 63 A. 2 101% inc s 329, Total operatin: ia 5 2 3 Tex & Pacific. . . . 9 Neve T 1% 102 Oats Easy. revenues amne ed to 6,349 and Rang & Ar (3). .. 361 | Kayser (1) pf(8) 106 6 % | Polana s TESEIR r i wunt J AL i D e e x & PacC &0 3 | poland 8a. % ‘ Cleve Term 1 "2 106% 106 expenses to §356.362. Taxes continue. ; e i Pac LA\Tr . 5 Bocto Aleste s 101% C& S st 68 o 98 98 s reservation totalin Kennecott (4) ... 52 {The Falr (2.40).. 30 2 2 Prapue1%s = 98w 97! i K 9614 8 Y Press cesa ot S804 aver il Reech-Nut (11) 6 015 601 | Keystone T & R. 1y |l Ayene. . 2 3 % | Queensland 6s. . ... 5% 105% ? il B 911 9L HICAG Aare {nfluenced | Preyious month g temporarily | Belding Bros(3). 3 35 |iinney GR (4). 67% 6 i L Queensland 7s. ... . 1% § g 96 e larch —influenced | “rrhe company continues to /expe checked in the broke out | Bethlehem Sti.. 30 | Kresge S S(1.20) 58% Bl | e WADIBPE(R) Rio de Jan 85 194 100 100 e Tl v oy - ; ¢ e e ims for plant and equipme 4 B el teablor . Prices were | ERUNSI GEATY 01% 101% | Kresge Dept S... 231 g 18 ve| S iuken i B0t1) Rio de Jan 85 154 101 1008 100% | Dol SEAISE ELaB. 20 0 Rt e e ot additions for January amount igain in the final trading. Prices were | Eeth St pf (1) ol < e 2818 { Tobac Prod (6).. | i Gr Db SuYs 100% 100% - Lol L rly 1 Previous 2670, 3 the lowest in the last hour: at that | g€ 5 Sc Bt s Ss, | Laclede Gas (8). 135% 3 { Tob Prod A (7). . 7 3 Lt ’0»9”36 - 10: ;.| Del & Hud 51s. i 103 i ers and house, astern co ly exerything on the list | Booth Ficherios ¢ 2% 5% | LeeTire & 1ub.. 11 bl U ¢ | Sao Paulo 85 1936. . 1047 108% | Den & Rio G cn 4s. 6 ; fons were huyers to a fair exignt. | Trading on Local Board. . ‘but the lower-priced rails. j pus l;;“;mf‘!-,~ Goliag i s 13414 | Lehigh Val (3%) 77 5 s 4 i Sao Paulo 1950.. o1% 911 | D&RioGimps.. 61 ¢ 98% 98 the other hand. many trad Trading on the Washington § vere still leading the decline. fexmiane ey | IEMEE S Ll maerwood (4)... ; 5 |Saxon P W 7. 95% 91% 9% D RioG Westbs... 185 60 : 64 | showed unusual interest in the course | 1 podit gl 80 = { Pk-Man T be(8) 21 | Lifesavers. ... e 51 dow 49y |Sdine Dept ol i 88 8 | Det United 43%s.... 90% | of the New York market, and gave | 50, cpinged prices. the majorit; -Man T - 8 8 6 81 | et & M (14) { Union Carbid 4 79 |Serbs Crot Slo-8s 6 | Erie 15t cons 45 5 evidence of s to ave sibl ang N ' 24 PHILADELPHIA STOCKS | BEIA S (8 : 10 [ Liz & My B (14) 5 Uniton I (2 4 39 |Sweden5i4sct. L Erie gen 4s s 6 314 | effects which the wheat market mis I b Wil dhe ! Brown Shoe (2). s Un Pacific (10).. ; Sweden 65.... ... | : > 6 eSieiloree from hiregulin | York sto ction. Pepeo JOIN IN WILD BREAK | Brunswick-paik EoewaTanices:. : *| Un Pacific pf (4 7715 | Swiss 6 1916 © conv i . €% ©74|tioms in security vaines, € & ; | Brunswick Ter. . E 2 “ DM | Un Tank Car(5). Swiss Confed 8s. 5 5 5 bl e e it L . . at 73%. Merge PHILADELPHIA, March 3 (P).—| Burna Bro (i) 316 19 | ’ | Dea ALSET (5003 o I Rekia e ; 516 7 45 -9 q i es on wh 3 to| il PR Almost perpendicular drops of oriBurns BrB (2).. E 3 0% : - taCigar(®3%) . 9 E X3 |UdKingm 6% 2 ¢ v L “ bl g . B id 10 shares « more points in Philadelphia Electric | Burns Brpt (7). 99% A R 110 | Ghited Drug (7). 3 p Ud Kingm 518 '37. e 3 2 2 bt g : o' | Merchamts Transfer and Storage sol and United Gas Improvement shares | Bur Add Ma (2). &6 § 86% | sorillard (3). .. E K 88 1 0ta Fruit (112). 4 Uruguay 8s. g i 1 t it followed a selling wave which struck | Bush Terminal.. 18 g || Dot Ol - T4 [ 1a Papba (G0c) § | Zurten $s. .. . 3 3 & E et ane y : were listless the Philadeiphia stock market yester- | Bush Terde (7). 88 : T oo o 23 | {7id Ry Invest... 2 p 4 l& pEcEdn £ : e ¥ angs SR imilar movement | Batte Cop (50¢). § 5 Bl e Did Ry Iuvesipt. 68 2l [Grescionthise. . 3000 L pats wer ¢ Addresses Credit ¥ New York ex-|Butte&Super(:). " e oy A USCIP&F(10). 174% 164 ,Apu'ulgt;erh e 1 ;;“Q,;Y-”‘: ‘-'"-] . h . g i Fugzene Ruark. superintende S1 109 |McCrory B15.60. 9 89 USCIPDf (7). 100% J0 | Am Agr Chem 5s. .. ir North cen Is. .. After o) « % high- | g R S Ndcal e S A : | McIntyre P (1).. 24% 245 4 211 US Distributing 5% e 4o | A Agri Chem T3 2e0p 108 sy L L 3 Sk I i | dressed cckly forum of th i . 6 034 100461 Cte A : 3 i o it LA Washit tion of Credit Me u enjoved a met income of $107.405,04¢ ission e feel that they could not i a new deal terms as satisfacto | i in Plate wa and the over speculative The selling in ninutes Philadelphia | % polnte QrOpPINE 10| Sy e ) Mack Trucks (6) 122 Hoftman (3) 48 1 ' [Am Chain 6s. % : : : at which it opened.icalumet & Ar ). S 2| Mack T 1st (7). 110 Ind Alcohol. 5514 1+ |Am Repubdeb 6s. . 99 9R% 9x7s | Hud & Man aj5s... 3 1 < up’ M A Riertor e Arethadsd I day between 101 Sapumt&H(1%). 1 14 9 ! Can Pacifie (10) 50% | Mackay (7)..... 134 34 134 | US Realty (n).. ¢ 54% | Am Smit & R 1st 99 (11Cends53....... 1 8 5% il months - e Sy s | Macy HR&Co.. 96 4 9 9 Us 7 073 | Am Smit & R 6s ] it Lo _ - Rey Statement rallied vae point. Philad - | Casie Theeshin | Magma Cop (3).. 39% 4 % | U S Rub 1st (8). 5 1047 | Am Sug ref 6s..... 4 2y ”-";1 e L&NO 53 In line with hog values, provisic \ ark outlined in detail the v o regained two points after its | Cent Leather Mallison & Co... 2 9 Y |USSmelt (3%). 401 | £ 97% | were firm teps the agen, depression | Cent Leather nf. 57% 57 - Sup(3%) © B 4% | U S Steel (17).... 2i1, | An o D e . Wheat (Cloe- | Cecuri mation co . CenRRofNJ (12 270 270 270 e o AT l}’f?‘;""“(?‘:- 2 l_w-}:m:]l:i‘,‘r Fx:bfi;%s' P 4 b el kv (olo : 4 . 1nd explained to the k. 5 2y, ‘2014 2 201, s | Man Shirt (1%). 7 S Tobacco (3). % 6 G1tn | Am d .2 | v S July 1 yesent the most effective FINANCIAL NOTES. S O S e R e 217 UniPle 1stp£(8) 92 92 92 g2 | Anaconda 1st8s. 1021; | Int & G Nor 1st 6s. e ! 14 § | sxcoulives prasent thie mon anect W YORK, March 3 UP).—Huas- | Certain-Teed (4) 45 § U g | MRTKEL SEEBE. . jugtyoies Eive 20% | Anaconda cv db 7. { oo il e il % 78 775 | Je Moore, chairman of the edu etroleurn Co.. Mexican subsi- |Chandler-Clev.. 20 20 Market St prior. 215 | Untv Pipe pf (7). 7014 | Andes Cop 78 TCts. - Towe e e : Ju : < cational committee, presided at t} of Pun-American Petrolemn | Chand-Clev pref. 40% 10 Marland O1l (4). G TS EEE & (R 3. { Armour & Co 414 © ‘% 914 |lownCenre B ransport Co. has compl a&Ohio (). 116 122% 116 | Marlin Rock (2). 28 28 28 ' yanadium (2)... 4 g9 |Armour Del5%s. .. e oo i/ No. 72 in the Azu | Ches&O pf (8%) 123% 12415 123% 124% | Martin-Parry(2) 1y 9% 19 19% | van Rite 18L(7) Barnsdall 6s ntes. .. 0% 100) | calle , i trict with an initial production of : Alton. . . q 6% Stathieson (8)... 177 16 76 |yick Chem(33%). 474k 47 Bell Tel Pa 58 B. 215 10 tansas Cit oo : bl s . York Stock E " 15.000 barre | Chi& Alton pf... % | May Dept 8t (5). 119 1T 117 | ya.Caro Chetfs v " | Bell Tel Pa 6 C. : £ 5t 7 5% 4 | roo Washington were crowded Surplus of American Water Works 1 Chi & East Ill... 33% 38! 331 ol T s 19 . 1% | va-Car Chpt cfs ¢ q o " | Beth Steel pm 58. ... 95 9 sake Shor o : § 4 iy i t Jacity long before the rke and Electric fc 12 months ended | Chi Great West.. 8% A i 22'% 20| ya.Car Ch(n)w 1 e ) 114 y Beth Steel 534 ; i g 5 | hix mornin 1i-c January 3 3 99,348, after | Chi Gr West p 20 Mexican Soara. - Ligd 4 5 Bethlehem Steel 6s 39 97k 9 k& 5 oans were heard when Erie, an in fSxels and charges, (rom 32,803240 U 2 S0 TR TR TIY b A S 3, L | va-Car Ch7%pt. y 4 g : il ‘| PARIS BCURSE HEAVY It Security in the “merger rails in the preceding yeur Chi Mil & St pt 17% 16% e 31 29% 29% ) yyvaudou 2 ¥t 2 r PARIS . Mateh 8 (PP more than 6 poin \ denizil CME&StPetls 10% 10 ' s ek b iy . AW F ¢ 3 S ¥ o ¥ & Sz v E 1o Nickel Plate proposal, but op Ari il S Tidiand pf (39) | wabasn 3 3 6 45 ofs. 101 | atz heavy on the bourse | e 4 16 ier Rub Co 39% 36 3 | Wabashpf A (5) lerne 14 101 e 248 *| cent e 19 franes | 1 i mr R b ¢ . NEW OFFERING TODAY. hi& Nwn (4) 67} 6+ aoi{ MILISE R o re 88 o "5, | Waldorf (1%) Pt 1003 10¢ g - Exchanze on London NEW YORK. March 3 ((@).—An is - F"fi‘\' ;l-,:L” Sk o % = AMis Kan & Tex. . 5 3 351, | Walworth (1.80). 205 Ie S B es.. 2 1037 103% 103 i = ntimes. Five cent loan sue of 00,000 7 per cent ittve [EHIEREERe. - & K& T pt (57 Sire | Ward Baking A 7 “on Coul Md 1st58. 6 85 84% | MSIP&E 8, 68 anes 40 centimes dollar w wdings Inerease. et 2 ot oling "-”’\] & Akl CRI& P oL (7) 3 AMissourt Pacific. 28| vard BRRE 5. 8234 oo 4 | Gon Gas NY 6%s... 22 105 105 |ars 3 s 3 9 g quoted at 26 franes SO centime e American Railway Associatio sttt Ao (TP T ) s 4 5 o MiGsulETEse L. sk | WRrC BRlEpr (1) 100s 100 (LD | Consumers Pow 5s. 6 100t 99 | MStP E o nnounces that f car loading= bros through a country-wide syndicate | Chitds (4 54 font Power (1) A Warner Eros. ... UK 1ok | o oataae e 9 . S5% I Tt 4 | t < 1 50 w share, also 60,000 shares of p (232) 4 43 o 3 . 4 YNIMK&T Istds. ... ay ompany manufactures fabrics which |Chrysler pf A(8) 1035 104% 103y MOoIE AEDoe AEE 1] £ R (57 574 | Cuban Am Sug 8. 108% 108 | KK & T prin s A s ¢ NEW YORK. March 3 () ; the precedin are used largel the furniture, deco. | Cluett Peab (5). 64 64 : g 5 st Pl 51 AL - L S e MK&T6sC..... 3 g sidiaries of the United Stat Ste - of 5,857 over the c¢ B e e, fecs: | pais i 1) ... 8 TR L LU LC R B : > 1% 101% | Mo Pacific zen 43 : srporation are ope < | w n 14 ¥ Col Fuel & Iron 2 Moton i\"l'eht]((.“) ) i atu (R Bav it Dotk 5., 31074 107h Mo Pac 5s wfil,- 2o 921, 90 per cent of =i Miscellan Colo Southern 5 545 | 310 Hnt A 4 S5 ‘ostern Pacifia. 36 36 % | Dodze wi 6 N 251 96 iMoPac8s49D.... m the week 3 troad buy- | reached 55 an inere of 12,01 BOSTON WOOL MARKET. Col G&B (260, Tit 78% 1 Munsingwr (3).. 3 e (0 s 5 | Donner Steel 7. g ol M E e % 104 Rl L i bver the preceding week: wrain and S ernER G E e | Jorices | Col Carbon(4) ; T b i e A M W eatein b (B). 14 . | Dug L & £ 5las 49, : % 105% | \font Trm ref 5s41. | 8 the market. wain pr totaled 42,958, a de BE Boienii: s swusle caned oF 4 bifl T U S 00 [NA-AROL CHIRY o e 7% | \yesthseAB(17). 1121 114 [Haete “'7‘;: 3% 106 | Vassau E Ry s '57. 615 59V 4 5 rease of 724; coal decrease B oain R afcrt b 8ty | ComCTOAEt S o 4| Nat Aeme (sta). Zestinghse (4). 20% 22| et Cuba Sug . 25 INO Tex & M58 B g X . f 1,800: merchandise and less tha e o n sn et Lol oy S | Nat Biscutt (14). i Empire G & F T4, % 10216 1093 | N O T & 2N0n NEW CUSTOMS RECORDS. T 285,052, an advArics o o oF A | Com Solv B S 3 | Nat Cash Reg A. 5 3% 43% | w 5 5 § Fisk Rubber 88.... 6% N Y Cen gen 2%s. . 9 | BALTIMORE. March 3 (Special). |8.035 e stock, 27,048, a decreas. laines of Michigan and 1 Weston Ele y - & L 3 pecial). | - el rar b | Conwetein: b 6% | Nat Cloaks (... s 85 3y |\emonA (3. 3o | ovarin etam ;- LIS 08 021N ¥ condaeb 45 10 ou g Al tecords. for monthly custams | of laines were qu | Consol Cigaf.... 7Th% 8 59% |4 et 4 bt Wheel & L Erie. . 9 9y | Goodyear 5 g ! 5 2 450 cents. Fine territory wools | CONICIEER DL (7) 6 % A 1 8 Wheel & LEpf. 39 E 'G‘"’d"“ri‘: a8 :j:' ¥ Cent deb 6s. 4 during February, according to a re snch combing type have moved a1 Consol Distribut 3 . t Distillers. .. White Eagle (2). 26% 26 15 2614 | Hershey %48, 0% Chi&StL54s A 57 997 981 | port of Charles H. Hol col- | AG ean basis. aml seoured Gan. | consorGas (). 925 9ax 8 0 '”-"*"““'s“s‘ 9 3 White Mot (4) 4 % 73 374 | Humble O & R 5%s 4 10214 10 Chi&StL5%s B 37 9 9 g lector of customs. They /| CHICAGO LIVE STOCK MARKET ool at §1.08 | Consol Textlie & = 2 t ““5‘*': b 0 5 White Mot (rts) A 3% 2 [ I2linols Bell 18t 55. 2% |NYC&St LGS A.. 03 064.87. ¢ SRE ol - CHICAGO; March 8 (United) States - Cont Can (16) . 4 ) At EOWRLEEIC. ! White Rocki1.80 32 3 ' | Ilinois Ssteel‘ifi%s-. 135%. 95k INew Hav ds” 7 3 6 6 sbruary a year ago. Department of Asricuiture).—Hogs . Cont Insur (6).. 13 3 3 ety i s o wickwire ctfs. .. y P Indiana Steel bs. .. L 275 | New Hav § 9 . | Receipts, 15,000 head: mod RATES ON BAR SILVER. Cont Mot (80¢). . 1 3 | Nat Tea (4). . g 5 Willys-Overland 2 241 Int Mer Marine 6s. 72 834 854 £514| N Y Ont W [ 2 691, 690 ti nostly steady to stron; CEW YORK. March 3 @ | Corn Prod (2)... 7% 3 7 velSGEERD Willys-0d pf(7). Ing Paper 58°47.... 3 941 944 91| New York I BUTTER LOWER TODAY A4 240 Siiver. 65%; Mexican ol | Corn Prod pf(7) | NY Air Brake(2) 8 Wilson &Co. ... ] (nter Paper 65. 99 99 |NY Rys 24 2 HICAG ‘h 3 (P.—Butter|b N R U o ek Uk Coty 1ne (4)... 3 8% agy | N Y AT BrA (4) 4 5 % | wilson Co etfs 24 | inter T & T 5%s. .. 129 109% 108% 10914 | N Y State AGO S ] » 7 Crucibte pf 5 100 AR ‘f’- . 2 wilson pf etfs Kan G & 131 68°62.. 12 101% 101% 1044 | N Y W & B 3 7 2 Saex il R A% et sorted 180 pounds LONDON FEELS BREAK. Crucible Stl (5). 6 68% 6 g ‘..“&[“g";",‘(g')' e | Woolworth (5).. 178 Lackawa S 5850 97 97 97 | Northern Pac3s.. % 48 41342 seconds; | 13.3¢ ): top on 130 pounds ONDON. Mareh 3 (). —T | Cuba Cane Su 9% A : | Wortin Pump. 2 Lo lede G 5%s°62. 10 104 104 104 |NorthernPacds... 2 8§ : e : S ’l"' "‘C"'i(,uh.\ ugar Sof. 43 5 42y VYC&SUL pf ( . 964 Worthton B (6). 2 3 Liggett & Myers 58 2 1004 100%_10v1; Northern Pac i 5 - i s 5 A e e COUBIAEL St DD . .~ < 4 4 ‘YN ‘ 5 wright Aero(1>. 2 2 Liggett & Myrs 7s. 11814 118% 118l | Northern Pac r i 6s. surpr on the stock exchange - ey 4 - N Y N H & Hart. 35% 36 5% | L 5y B 99 | ore S % 4 ! hange | Cuban-Am S (2 NYOn&wn.... g | YYTIGIEY Wi CTA) Lorillard (P) 5. . . B o 23{\:;;'1;"':[‘: t ordinary firsts, 2 v 2 weigh > todiy and brou ihout w (lat | Cuban Domin ; ¥ ; - g : v R it : rei i 28% uisv G & B E | ed T dodimay epnerle. L CinenDER b . E \‘Yl‘]'lys p;lzccfr{ 341 3 1“":u:g&sx§\g|5?3). ;‘;n.u Sug Sf T4, 102 102 | Cennsylcon dles. . 1000 feht 13.74 ng sows BvAver: find s Bl o cunahy ke K1) i gl Niag F pf (1%). 2 o8 Mid-Con 6%s°40... 1 101% 102 | Pennaylgen 43s. . s 6 86% CLOTH MARKET EASIER ] pigs, 13.25a13.7 s titernoon bet- | Cushman's (3).. 80% 85 R0% 85 | e=tr lrSoutt E | ash pavments based on the | Midvale Steel 58.... 94 94 jPennsylgenbs.... 1044 5 'ORK 3 (S 4 tece head: snapy. s from New York caused | Cushmann 100 100 100 oA Wn (16 Y or half vearly declarations. | Montana POW 58. .. 101 10] | Pennsylbs'64. 997 99% | NEW YORK, March 3 (Speciall— | .ofa 5 el Hgroelyd o5 cheerful feeling Cuyamel Fr (4). 46 46% 46 oy | Nor n (18) o noted, extra or special divi ‘s & Colst 4%s 3 86°% 86% 863 | Pennsyl 6%s 112 |Cotton goods markets were easier to fu + on shipper % | Dayison Cn 3214 R ph s rerulac rate, b or| Naw Bng Tel 6. 102 | Pennsyl gold 7s. i 1071, |day. with trading again quiet. Print N ke, lowee: 13 an X = > | Davison Chem. . . 37% 321 321 | North Am pf (3). 49 i No rerular rate, bor | New E ; 5 5 fa & B inc 4s.. * | cloths were quoted at 81 cents for 64x | for o ni 4 edium s sty GERMAN BONDS AND STOCKS. | Del & Hud (9).. % 15415 154%% | North Pac (6)... 68% | ODbon iy ok, IEARIE ] NGY BNTINGT AN 115 Peor :lfn Hrie BE 85 G0t e e bhens s oriix | heavy and medium welghts: numerpu 1L & Wn (17). 140 140 136 N nall 1.50) 3 1% au 1 “p NYGELH&F 4s. 9 90% ere a 2 102 T vads with weig 0.75a11.15; buli : I n G Wt b ; JERNRHE IR D g 184 i o iy, TS | 7 Tel 4%, : |PCC&StLESA.. : w0t | > of 14 cent alike stead- | ' 00a10.50; fat cows and heifers ve: g ked D B eI 2o’ | st il WellBup (3) : ; ; INY Tet8s41ene.. F Por RL & P 65°47. 100% 100! esday's levels, but trade con-| arse! aparing steer advance; vealer 004 h\:f': Miic o oo e 5y jomnibus. ....... 1T ] - T T N Y Tel 6s '49 Port RL&P 7%s 46. 107% 1071 |tinued light 0 higher: mostly 413.00 to pach ks o | DevossRavea0). Som s6x 3n:, 'ge [OmXxioslesy... R4 ' B. & 0. HEAD PREDICTS |North AmBa 8s.... $ T | Rending en 434s.. 21 94 943 913 s ers; outsiders upward to 1450 and oD 5 6 | Xorth Am Ed 6%s. 5 5 5 | Rio G Westci 4s 9 3 POTATO MARKET ’ eipts. 18,000 head: fa | &R 15t(7) 10074 Y 5 | PR B 00% | Orpheum Cir(2). 284 : N TEL6s. 1 LS a2} s ; : BrosCiaA. B 31w 33 . | Nor Ohio ~ St L IM&S 48 25, 9 \ n ‘;;:,‘m‘::p{(.” t &, 4ry | QU Llevator(6) 5 o GOOD YEAR FOR ROAD! or States Pow 58. 9874 9874| 5r I, IM&S R&G 48, 29 SHICAGO, March 3 (@) —P low: practically no early sale 300 | Dome Mines (2). 18 DitwBs Special Disp | Nor States Pow 6s. 2 ¢ 105% 10548 |5t L& S F 67 eipts, 60 cars: 1 ship . it held above 14.7 190 | Douglas Pec (1). 22 22 21k 214| SUe SMeELPL - 160 1 Y4l BALTIMC Murch 3. Prospects | Otis Steel T%s. L1osif00S Wit iat : 4 | ments nine Canadian: trading | i merally 25 lower: spoi | Dupont (10). ... Y i ) oo SR { for the Baltimore and Ohio Railrond | Otis Steel 8s. e psied (197 6 rather quiet: market " ) o ie: ing done ¢ Dacific Gas & 1155, 13 98% 908 7 acked, round 3.60a3.50; fev : piveis L | meeting. Boardrooms responding freight for the weel receipts Baltimore wer oken . ver million marks. ) Pacific Gas (8).. 122 23 |Co. for 1926 are good, according to a | % $)... 108 X « 3 i H ve good, ording to a | Pact ) e oon % : Pac Gas & Elrts 1% tement issued by the presid |Pac T &T5Hs’52... 1 :gg:w }33& shade Minnesota sl odd 1o T Pacific Ol (3)... 78% Dantel Willerd, in a report covering | Pan-Amer Pete gs. g 5 102 | sacked, round, 70: Id | v ering rde Eise) 3 14% i 3 | Tea.Ghaib: 5100 100 CER '3 S 1l Privat Bank i Packard Mot(2). 36% 4 | Peoples pal 5 StLS W con 4s'32. 915 | sacked, russets few 4.00 cliscuafd’ " Elee Powr & Lt. LoD | “The condition of business generally | PhilaCo§ ke A3 e SUI& KCSUL 134 F L - - s 921y i Lan-Amer (6). 6 throughout the country, and particu- | 4 - - 4 99y San A & Arn P4s.. 2 85% ¥5% | Third Ave adj 5 ? E:::gttn‘;:‘(;':n e v an-Amer B (6). 63% 6 larly in the territory served e ERRE R C :m:: ufif’ Seaboard A L 4s sta 80 20 “JTOIREL & W to. : FOREIGN EXCHANGE. Emmerson Brat. 2y 36% 364 38 | Baltimore and Ohio, appears sound |bublicService 8s.- 10 & 0500 Seab A Liref 45. : 72 72 |Tol Tr L&P 53%s30. 10 by W B ¥ Nt A E G (Gen 4 End John (5).... 681 6 Sh.Lon “7|und the outlook is encouraging at |LublicService 38-- 1y J5n 0 67,0 eab A L adj 6s. g 81 -+ 81 |2305t Ry 6862.... : ’ Ri¥ag stock (5 Aus Elec) 1 e 3 5% 200 35w | Sranaullent . . ST S this time,” says Mr. Willard. | e ke 69 1 106% 106k | Seab A L con 6s. 926 921, | Guion Pac st 4., 35 3 o S Hrisaw bt 38% 364 U8%|pithe Bx ClA... 63 Y - P Serv Gis 53564 29 1047 1045 5 1l Fia 63 43 9 96 | Union Pac 43'27... Kot 3 B REET 36 35 N e CR L 1OR : Serv Gas Sou Pac 45°29..... 97% 97% | Un Pac 1st rf 55, | Par TREASURY CERTIFICATES, |Eriedpt. .. 38 95 354 penick & Ford... 17% FIRST DIVID {Punta Alegre 7s... +1107 107 [ Sou Pacifc clt 45 i v (o eReINERCRE . I8 TR om0 B (Quotations furnished by Redmond & Co.) o ke el ¥ | Penick&F pf (7). 101 S END VOTED. |gycq costis 109% 109% 109% | Sou Pacific ref 1s. . 90% 90% | Wabash 18€68..... 7 102% 102% 102% | B¢ I oon £ %) | pairbks Mor (3). 50% 50% 50% 50! Pennsy RR (3). 50% 509 EW. YORK, March 3 UP)—Life|Shaton St1H8s. 1074 1074 1074 | Southern Ry gen 43 7 e e 1 102% 1oz 102 |5 \d. Ofter. | Famous P1 (8).. 115% 117% 118% 114 | Penn-Seab Steel. 1% 109% 107% 107 y 1t 5 w % ¢ . Y% 1071y | Southern Ry 1st o ™ e L 99y 991 - 100 100 1.1¢ | Famous pf (8).. 119% 119% 119% nn&.\veoplunn(l). 119 Savers Inc., declared an initial div it an 901 o Southern R iy iyl oy i Btk S B 4 w1 MY Sinclair Oil 63%s. . % 90% y €5t 108 108 |West Maryrand 4s. (3 65% 67 Fed L&Tr(°2.40). 29% 81% 20% B81% | Pere Mara (4)... 68 72 dend of 40 cénts'a shaie on the com-|Sinclair Ofl 7s..... 62 95% 04% s | Southern Ry 6%s.. , 2 113% 113% | Western Pacific5s. 6 974 97% i Sin Crude OIl 6s. ... 100% 100% 1001 | Texas & Pacific 1s 103'4 103% | Wheel & LEcnds. 1 814 84% Sin Pipe Line 69, . X0 $9% 897, | Third Ave ref 4s 7 60 59% Wilkes-& 5s.. 2! 6T% 65 Fed Min & Smelt . 75 | Pere Mara pf (8) 74 3 i R i e ey 87 . l"”'“ ek _,’" mon stock, pavable April 1 to hold ers of recori March 13,